InterContinental Hotels Group PLC (NYSE:IHG – Get Free Report) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 299,900 shares, an increase of 8.2% from the May 31st total of 277,100 shares. Based on an average trading volume of 175,400 shares, the short-interest ratio is currently 1.7 days. Approximately 0.2% of the company’s stock are sold short.
InterContinental Hotels Group Trading Up 1.0 %
Shares of NYSE IHG traded up $1.03 during mid-day trading on Wednesday, reaching $105.27. 68,232 shares of the company’s stock were exchanged, compared to its average volume of 175,334. InterContinental Hotels Group has a 52 week low of $67.09 and a 52 week high of $112.08. The firm has a 50-day moving average price of $101.82 and a two-hundred day moving average price of $100.02.
Institutional Investors Weigh In On InterContinental Hotels Group
Several large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in InterContinental Hotels Group by 46.9% in the 1st quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock worth $35,000 after acquiring an additional 106 shares during the last quarter. Parallel Advisors LLC increased its holdings in InterContinental Hotels Group by 15.8% in the 4th quarter. Parallel Advisors LLC now owns 828 shares of the company’s stock worth $75,000 after acquiring an additional 113 shares during the last quarter. GAMMA Investing LLC grew its holdings in InterContinental Hotels Group by 15.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,008 shares of the company’s stock valued at $107,000 after buying an additional 135 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in InterContinental Hotels Group by 5.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,497 shares of the company’s stock valued at $319,000 after buying an additional 174 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in InterContinental Hotels Group by 65.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company’s stock valued at $48,000 after buying an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 15.09% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on IHG
About InterContinental Hotels Group
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.
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